JP Morgan reports first loss under Jamie Dimon

“JPMorgan Chase has reported a rare quarterly loss after incurring legal fees of $9.2bn (£5.8bn), including money set aside for future settlements, due to “escalating demands and penalties from multiple government agencies”.

The biggest US bank by assets posted a net loss of $380m in the third quarter, compared with a $5.71bn profit a year earlier.”

 

Continue reading on telegraph.co.uk

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